Equality of opportunity a worthy goal: Fed's Rosengren

Boston Fed President Eric Rosengren did not comment on monetary policy or the economic forecast in prepared remarks to a conference here on inequality.

Building on comments on Friday by Fed Chair Janet Yellen, he said "concentrated, intergenerational poverty" suggests inequality of opportunity is a community issue that, studies show, can be alleviated by social and educational interventions.

"While income inequality may be a somewhat controversial issue, most people ? even most economists ? agree that equality of opportunity is a worthy goal," he told a Boston Fed conference on the issue. "Yet society has fallen short in delivering on the goal of equality of opportunity."

(Reporting by Jonathan Spicer; Editing by Chizu Nomiyama)